Hugo City Council Regular Meeting
Agenda
April 06, 2021 @ 6:00p.m.
203 South Second, Hugo, Oklahoma 74743
- Call to Order
- Attendance Roll Call
- Flag Salute
- Invocation
- Consent Items
- Discussion with possible approval and/or amendments of minutes dated March 16, 2021.
- Discussion with possible action regarding acceptance of purchase order list.
- Discussion with possible action regarding acceptance of City’s bi-weekly financial statements.
- Executive Session
- Discussion regarding employment, hiring, appointment, promotion, demotion, disciplining or resignation regarding-City Manager Contract, Per Title 25 O.S. Section 307.
- Reconvene into regular session.
- Discussion with possible action regarding matters discussed during Executive Session.
- Discussion regarding sub-fire station. – Citizen Colby Bryant
- Discussion with possible approval of Resolution #881 regarding a Community Facilities Grant in the amount of $10,400.00 for the Rodeo Arena.
- Discussion with possible action regarding Ward-to-Ward Trash Clean-Up. – Citizen Mehlanie Adamson
- DISCUSSION WITH POSSIBLE ACTION WITH RESPECT TO RESOLUTION NO. 882 AUTHORIZING THE HUGO MUNICIPAL AUTHORITY TO INCUR AN INDEBTEDNESS BY SECURING A LOAN IN THE AMOUNT OF $1,364,000 (IN ADDITION TO A LOAN IN THE AMOUNT OF $9,481,000 PREVIOUSLY AUTHORIZED), FROM THE UNITED STATES OF AMERICA, ACTING THROUGH RURAL UTILITIES SERVICE, FORMERLY KNOWN AS FARMERS HOME ADMINISTRATION (“THE GOVERNMENT”) FOR THE PURPOSE OF FINANCING IMPROVEMENTS TO THE WATER SYSTEM; , APPROVING AND AUTHORIZING THE EXECUTION OF AN AMENDED SALES TAX AGREEMENT AND CONTAINING OTHER PROVISIONS RELATING THERETO.
- DISCUSSION WITH POSSIBLE ACTION WITH RESPECT TO RESOLUTION NO. 883 OF THE CITY OF HUGO, OKLAHOMA APPROVING THE INCURRENCE OF INDEBTEDNESS BY THE HUGO MUNICIPAL AUTHORITY ISSUING A PROMISSORY NOTE TO BANCFIRST IN THE AGGREGATE PRINCIPAL AMOUNT OF $10,845,000 TO PROVIDE INTERIM FINANCING IN CONNECTION WITH USDA RURAL DEVELOPMENT PERMANENT FINANCING FOR WATER SYSTEM IMPROVEMENTS; WAIVING COMPETITIVE BIDDING WITH RESPECT TO THE SALE OF THE NOTE AND APPROVING THE PROCEEDINGS OF THE AUTHORITY PERTAINING TO THE SALE OF THE NOTE; AND CONTAINING OTHER PROVISIONS RELATING THERETO.
- Reports and Inquiries Not Requiring Immediate City Council Action.
- Councilman Comments
- Mayor Comments
- City Manager Report
- Adjournment
DATE POSTED: APRIL 02, 2021 | TIME POSTED: 5:00P.M. | POSTED BY: DEBRA SEARCY, CITY CLERK
Hugo Municipal Authority Regular Meeting
Agenda
April 6, 2021
directly following the April 6, 2021 Hugo City Council Meeting which begins 6:00p.m.
203 South Second, Hugo, Oklahoma 74743
- Call to Order
- Roll Call
- Discussion with possible approval and/or amendments of minutes dated March 16, 2021.
- Discussion with possible action regarding pay off of Bank of Oklahoma loan for 2009 sales tax note $2,505,000. Current amount owed $660,458.33 (BancFirst and Security First). Mayor Higginbotham
- Discussion with possible action regarding pay off of Bank of Oklahoma loan for 2016 sales tax note $1,495,000. Current amount owed $1,327,079.46 (Security First) Mayor Higginbotham
- DISCUSSION WITH POSSIBLE ACTION WITH RESPECT TO RESOLUTION NO. 884 ACCEPTING THE OFFER OF THE UNITED STATES OF AMERICA, ACTING THROUGH RURAL UTILITIES SERVICE, FORMERLY KNOWN AS FARMERS HOME ADMINISTRATION, TO MAKE A LOAN IN THE PRINCIPAL AMOUNT OF $1,364,000 (IN ADDITION TO THE $9,481,000 LOAN PREVIOUSLY AUTHORIZED) FOR THE PURPOSE OF FINANCING IMPROVEMENTS TO THE WATER SYSTEM; APPROVING THE LOAN RESOLUTION SECURITY AGREEMENT AND AUTHORIZING ITS EXECUTION; APPROVING THE ISSUANCE OF A NOTE IN THE AMOUNT OF $1,364,000 (IN ADDITION TO THE $9,481,000 NOTE PREVIOUSLY AUTHORIZED), SECURED BY A REAL ESTATE MORTGAGE AND AUTHORIZING ITS EXECUTION; APPROVING AND AUTHORIZING THE EXECUTION OF AN AMENDED SALES TAX AGREEMENT; APPROVING AND AUTHORIZING THE EXECUTION OF THE ASSOCIATION WATER AND WASTE SYSTEM GRANT AGREEMENT; APPROVING AND AUTHORIZING THE EXECUTION OF A PARITY AGREEMENT; RATIFYING AND CONFIRMING WATER RATES; AND CONTAINING OTHER PROVISIONS RELATED THERETO.
- DISCUSSION WITH POSSIBLE ACTION WITH RESPECT TO RESOLUTION NO. 885 AUTHORIZING THE HUGO MUNICIPAL AUTHORITY, (THE “AUTHORITY”) TO ISSUE ITS PROMISSORY NOTE (THE “NOTE”) TO BANCFIRST IN THE AGGREGATE PRINCIPAL AMOUNT OF $10,845,000 TO PROVIDE INTERIM FINANCING IN CONNECTION WITH USDA RURAL DEVELOPMENT PERMANENT FINANCING FOR WATER SYSTEM IMPROVEMENTS; WAIVING COMPETITIVE BIDDING AND AUTHORIZING THE NOTE TO BE SOLD ON A NEGOTIATED BASIS; APPROVING AND AUTHORIZING THE EXECUTION OF DOCUMENTS IN CONNECTION WITH THE FINANCING; APPROVING PROFESSIONAL SERVICES AGREEMENTS; DIRECTING DISBURSEMENT OF FUNDS IN CONNECTION WITH THE INTERIM FINANCING; AND CONTAINING OTHER PROVISIONS RELATED THERETO.
- Reports and Inquiries Not Requiring Immediate Municipal Authority Action.
- City Manager Report
- Adjournment
